Gold got flogged yesterday and will need to do two things to get back in bullish gear: 1) hold above the intraday low, 1243.50, which is also a midpoint support; and 2) surge to at least 1260.60, creating a bullish impulse leg on the hourly chart.  If the midpoint is breached to the downside by more than $1.00 or so, however, it would likely spell more weakness down to at least 1235.90.  A close below that number would leave bulls on the defensive when the markets reopen on Sunday night. _____ UPDATE  (12:30 p.m. EDT):  The futures have lapsed into screw-the-pooch mode this morning, creating a bullish impulse leg on the lesser charts after failing by $2 to reach the projected low at 1235.90.  On balance, the picture is mildly bearish, but not sufficiently so to warrant further analysis. Gold should right itself shortly.